Stats

Settled volume — Sum of the stablecoin leg of each fill, counted only when that leg's token ADDRESS is a USD stablecoin on MENTAT's verified list (USDC, USDT, USDbC, DAI on Base): a token that calls itself USDC never adds volume. Rows written before token addresses were recorded keep the symbol rule only where the symbol came from MENTAT's own table (the Telegram bot's FloorEscrow V2 settlements, XMR-route fills without an order row); older CoW and backfilled escrow rows are valued by address once one is attached. Otherwise the venue's USD valuation of the deposit; fills with neither are counted in unpriced_fills and excluded.
Median effective cost — Median over fills with a cost figure. wagyu_route: the venue's USD valuation of the deposit at order time against the stablecoin actually delivered (all-in, MENTAT's 25 bps included); escrow: the immutable 25 bps fee, the only venue cost on a zero-spread quote; cow_relay: no figure (execution prices are not on the tape).
Windows — Fills are windowed by settlement time; expired, refunded and failed rows by the time they reached that state.
Team — Fills with one of MENTAT's own wallets on either side (deployer, test wallet, agent wallet, treasury) are labelled "team test trade": they stay on the tape with their proofs but are left out of fills, volume and the cost median, and counted here instead.
Self-trades — Fills whose taker is the maker (the contract lets a maker fill their own deal) are labelled "self-trade": on the tape with their proofs, left out of fills, volume and the cost median, counted here instead (a team self-trade counts once, under team_fills). Only the same address is caught; a wash trade between two wallets is not detected.
USD figures are estimates for reading the tape; they are not part of any contract.